On June 11, 2026, Western Digital Corporation entered into privately negotiated exchange agreements with institutional investors. The company will exchange 1,038,681 shares of Sandisk Corporation stock for a number of Western Digital common shares held by the investors. The exchange ratio will be based on the volume-weighted average prices of both stocks from June 16-18, 2026. The transactions are expected to close on June 22, 2026. Western Digital operates in the data storage industry, developing hard disk drives and flash memory products.
